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BDO reports Global revenues rise to US$7.6 billion

December 15th, 2016 (0)
  FY16 global revenues up by 8% High number of strategic mergers – over 30 network-wide Commitment to digital transformation delivering leading-edge services to clients Growth spearheaded by BDO firms in US (+12%) and China (+13%) Long-term investment in ...

CME Group Open Interest Surpasses 120 Million Contracts for First Time in its History

December 15th, 2016 (0)
CME Group, the world’s leading and most diverse derivatives marketplace, announced it set a total open interest record of 120.7 million contracts on December 13, 2016, surpassing the previous record of 119.4 million contracts set on December 12, 2016. ...

EU shoppers still face ‘unjustified’ discrimination

December 15th, 2016 (0)
A new EU report out today finds that shoppers still face unjustified discrimination due to nationality and place of residence. The report looked at the implementation of EU consumer law and finds that business practices such as geo-blocking are ...

There’s another sign that London’s house price boom may finally be over

December 13th, 2016 (0)
A clear trend is emerging in the London property market. Prices are finally on their way down. The latest UK House Price Index from the Office for National Statistics — released on Tuesday morning — showed that in October, ...

Rolls-Royce hires PwC for £5.9m audit

December 12th, 2016 (0)
PwC has picked up the audit contract for Rolls-Royce Holdings plc after a 16-year long audit relationship with Big Four rival KPMG This follows a formal tender process led by the company’s audit committee and board approval for the ...

LCH clears over $1 trillion in inflation swaps notional

December 9th, 2016 (0)
Over $1 trillion in inflation swaps since the service launched in April 2015 43 members, 47 clients and 12 clearing brokers live and clearing GBP, EUR and USD inflation swaps Significant uptick since introduction of bilateral margin rules, in ...

Enforcement Director Andrew J. Ceresney to Leave SEC

December 9th, 2016 (0)
The Securities and Exchange Commission today announced that Enforcement Director Andrew J. Ceresney will leave the agency by the end of the year. During his nearly four years as head of the agency’s largest division, Mr. Ceresney implemented approaches ...

BaFin plans to limit CFD trading

December 9th, 2016 (0)
Following the proposal by FCA UK for limiting leverage on Forex and CFDs, the German Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht – BaFin) has issued an announcement to inform that the Authority intends to limit the marketing, distribution ...

Almost half of Southern Italians at risk of poverty

December 8th, 2016 (0)
In 2015, 28.7% of the Italian resident population was at risk of poverty or social exclusion, in accordance with the definition adopted for the Europe 2020 Strategy. The indicator is the combination of the poverty risk (calculated on 2014 ...

It’s Not Over: Rogue Republican Elector Announces He Will Not Vote For Trump And Urges Others To Join Him

December 8th, 2016 (0)
Donald Trump has already lost one of his electoral votes, and there are indications that a number of additional electors may be prepared to abandon him. Prior to the election, I warned my readers that we would not officially ...
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